The global thermal insulation packaging market is set out to reach US$ 247.1 Bn by the year 2030 at a substantial CAGR of 17.2% between 2022 and 2030. Global supply chains have created the need for thermal insulation packaging. Distribution of food and beverages and pharmaceuticals have intensified the demand for reliable thermal insulation packaging solutions. High emphasis on the regulatory compliance of food and pharmaceutical products is also driving the need for thermal insulation packaging to ensure integrity of the products.
FMI, in its latest Thermal Insulation Packaging market report, offers the bird’s eye view on the historical and upcoming growth in terms of production, consumption, volume, and value. The report is classified on the basis of key segments, sub-segments, according to the major regions and offers an in-depth analysis on competitive landscape.
The report offers a comprehensive, discussing in details upcoming trends, opportunities and challenges that will aid the expansion of the Thermal Insulation Packaging market.
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What role will technology play?
“Technology to improve Temperature Monitoring and Safety”
It is getting more and more popular and affordable to use data recorders with temperature sensors and USB connection connections. These loggers, which resemble labels, are simple to attach to the package, continuously monitor temperature conditions, and give a detailed summary of time and temperature information. Additionally, battery-operated data loggers can include cutting-edge technologies like RFID, WiFi, and GPS and offer real-time data on temperature variations.
Some of the products offered under this category include BIOmed Xpress PDF Temperature Monitoring Label, PakSense, Cold Chain Logger CCL100, Vaisala, and TempTRIP.
Competitive Landscape
Companies operating in the thermal insulation packaging market are aiming at strategic collaborations with technology partners. High investment in technology such as cloud computing and IoT solutions are expected to aid thermal insulation packaging market in multiple ways. These improvements promise better control, visibility, accountability for thermal insulation packaging solutions.
With IoT cold chain monitoring systems issues can be handled without any delay.
- Sonoco ThermoSafe launched Orion r®, which is a temperature controlled box rental service. It would also offer optional on board telemetry, which provides access to cloud based temperature to the biopharmaceutical clients. This enhances visibility and ensures quality of the products.
Key Companies Profiled
- Emball’ISO
- Sonoco ThermoSafe
- Pelican Products, Inc.
- Cold Chain Technologies, Inc.
- Sofrigam SAS
- CSafe Global, LLC
- Insulated Products Corporation
- Cryopak Industries Inc.
- Snyder Industries, Inc.
- va-Q-tec AG
- Inmark LLC
- DGP Intelsius Ltd.
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Key Segments Covered in Thermal Insulation Packaging Industry Research
Packaging Type
- Passive Packaging
- Single Use or One Way use Packaging
- Multiple Use or re-usable Packaging
- Active Packaging
- Reefer trucks and Containers
- Active Pallet Containers
- Cold Storage
- Refrigerators
- Freezers
Insulation Material
- EPS
- PUR
- VIP
- PCM
- Others
Temperature Range
- Less than -40°C
- -20 to -40°C
- -1 to -20°C
- 0 to 10°C
- 10 to 25 °C
Application
- Food and Beverage
- Pharmaceuticals
- Vaccines
- Blood Banking
- Others
- Others
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
3.2.1. Trends by Packaging Type and Application (Reusability, Size Preference, Eco-friendly Material, Coolants/PCM/Dry Ice)
